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Property profile & analytics
OFF-MARKET
Estimated value
$13,425,000
Warehouses
1956 Atlantic Ave Brooklyn, NY 11233-3016
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4521559
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
58,600 SF
Lot
0.45 ac (19,500 SF)
Zoning code
M1-1
APN
01339-0021
UPID
US63-4521559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.15M
CAP Approach
CAP
$10.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.43M
Owner & transaction history
Oe 1956 Atlantic Ave LLC · 3 yrs held
Oe 1956 Atlantic Ave LLC
since 2022
Last sale
$17.9M
6 recorded transactions
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brooklyn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$18,515,000
ML approach
$9,145,000
CAP Approach
CAP Return
Estimation
6%
$11,690,000
6.5%
$10,790,000
7%
$10,020,000
Blend value · Realmo final
$13.43M
Range $12.08M – $14.77M · ±10% · vs last sale $17.90M (Aug 9 2022)
Last sale anchor
$17.90M
Aug 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$434,410
Tax year 2024
Assessed value
$4,194,000
Assessed 2024
Previous assessed
$4,051,350
+3.5% YoY
Effective rate
10.36%
On assessed value
Assessed land
$438,750
Assessed improvement
$3,755,250
Land market value
$975,000
Improvement market value
$8,345,000
Total market value
$9,320,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
58,600 SF
Lot
0.45 ac (19,500 SF)
Zoning code
M1-1
APN
01339-0021
UPID
US63-4521559
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Brooklyn, NY
Zoning M1-1 · permitted uses
M1-1 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Oe 1956 Atlantic Ave LLC
Entity
Mailing address
250 VESEY ST FL #15, NEW YORK, NY 10281-1065
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$17,900,000
Oe 1956 Atlantic Ave LLC
Urban-sers Atlantic, LLC
Deed
$11,400,000 · Wells Fargo Bank, National Associat
Jul 15, 2020
—
Urban-sers Atlantic LLC
—
Deed
related
$9,570,200 · Pnc Bank National Association
Oct 13, 2015
$3,700,000
Urban-sers Atlantic LLC
Ppf Ss 1960 Atlantic Avenue Ll
Grant Deed
—
May 15, 2014
$2,250,000
Ppf Ss 1960 Atlantic Avenue Ll
Millwood,eden
Grant Deed
—
Jul 5, 2011
—
Eden Millwood
Marriott,ann M
Quit Claim Deed
related
—
Jan 26, 2006
—
Ann Marie Marriott
Millwood,eden
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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